D.R. Horton (DHI) reported fiscal Q2 earnings Thursday of $2.58 per diluted share, down from $3.52 a year earlier.

Analysts polled by FactSet expected $2.63.

Revenue for the quarter ended March 31 was $7.73 billion compared with $9.11 billion a year earlier.

Analysts surveyed by FactSet expected $8.03 billion.

The company lowered its 2025 consolidated revenue guidance to $33.3 billion to $34.8 billion from $36 billion to $37.5 billion. Analysts polled by FactSet expect $35.64 billion.

Shares of the company fell more than 2% in recent premarket activity.